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Stock impact report

F5 Networks Reports Inducement Grants under NASDAQ Listing Rule 5635(c)(4)

F5, Inc. (FFIV) 
Last f5, inc. earnings: 4/27 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: f5.com/about-us/investor-relations
Company Research Source: Business Wire
SEATTLE--(BUSINESS WIRE)--F5 Networks (NASDAQ: FFIV) announced today that on August 1, 2019, the company issued a total of 178,784 restricted stock units (“RSUs”) to 235 employees who joined F5 in connection with the company’s acquisition of NGINX, an open source leader in application delivery. Of the 178,784 RSUs, 6,908 went to Mr. Angus Robertson who serves as the SVP, General Manager of NGINX at F5. The company’s acquisition of NGINX was completed on May 8, 2019. The RSUs were granted as inducements to employment in accordance with NASDAQ Listing Rule 5635(c)(4). The RSUs of Mr. Robertson and two other key employees vest over a four-year period with 10 percent vesting on August 1, 2020, 10 percent vesting in equal quarterly installments in the second year of the award, 25 percent vesting in equal quarterly installments in the third year of the award, and the remaining 55 percent vesting in equal quarterly installments in the final fourth year of the award, subject to the employ Show less Read more
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